There are a few gems out there. I have long held positions and touted PTEN and RES, which are at 52 weke highs. PD hada nice run but its in a holding pattern right now. OPWT, SGY, FEL, AAV, NGL, and a host of others sit in the basement.
The early theme this year has been tech in which returns have been stellar. I sold 80 % of my position in Penn West and put it all on ZNGA and I have been richly rewarded with that trade, up almost 40 % in a month . It will take forever for PWT to get to a 40 % gain and sometimes you have to get a loss back by aggressively switching. I will add to PWT only after it crosses 14 dollars, thats it. It has been in decline mode for 4 years now and at 14 it may signal a long term reversal. In the meantime I would suggest to all who are under water here to unload and put it in ZNGA. I see that moving to 5 dollars before June for a 40 % gain and PWT in the basement for awhile.